After how many years of remaining unclaimed, are the proceeds of such inoperative accounts to be transferred to the Depositor Education and Awareness Fund?

In India, as per the guidelines issued by the Reserve Bank of India (RBI), the proceeds of inoperative accounts and unclaimed deposits with banks are transferred to the Depositor Education and Awareness Fund (DEAF) after a period of 10 years from the date of the last transaction in the account. This means that if there has been no transaction in a bank account for a period of 10 years or more, and the account has become inoperative, the balance in the account will be transferred to the DEAF. Similarly, if a deposit or investment in a financial institution remains unclaimed for a period of 10 years, the proceeds will also be transferred to the DEAF.